Gold prices in Pakistan started the new trading week on a stronger note as rates increased further in both local and international markets. The fresh rise pushed the price of 24-karat gold per tola to Rs477,162 in the domestic bullion market.
According to the latest figures released by the local Sarafa Association, gold prices witnessed another upward movement due to fluctuations in global markets and continued investor demand for precious metals.
New Gold Prices in Local Market
The price of 24-karat gold per tola increased by Rs900, reaching Rs477,162 across Pakistan’s local bullion markets. Similarly, the price of 10 grams of gold climbed by Rs772 and settled at Rs409,089.
Bullion traders said the increase reflects the ongoing trend in international gold prices, which continue to influence the domestic market.
Updated Gold and Silver Rates
| Item | Increase | New Price |
|---|---|---|
| Gold (24K) per tola | + Rs900 | Rs477,162 |
| Gold (10 grams) | + Rs772 | Rs409,089 |
| Silver per tola | + Rs26 | Rs8,099 |
| Gold (International per ounce) | + $9 | $4,548 |
Silver Prices Also Move Higher
Along with gold, silver prices also recorded an increase in the local market. The price of silver per tola rose by Rs26, taking the new rate to Rs8,099.
Market experts said precious metals are continuing to attract buyers due to uncertainty in global financial markets and ongoing economic concerns worldwide.
International Gold Market Impacts Local Rates
In the international market, gold prices also showed an upward trend. The price of gold per ounce increased by 9 dollars and reached $4,548.
Analysts believe global market volatility, inflation concerns, and geopolitical tensions are playing a major role in driving international gold prices higher. Since Pakistan’s bullion market is closely linked with global rates and currency movements, local prices are also experiencing regular fluctuations.
Investors Continue Monitoring Gold Prices
Jewellers and investors are closely watching changes in gold prices as the market remains unstable. Traders said further increases or decreases in international bullion rates may directly affect gold prices in Pakistan during the coming days.
The rising prices have also impacted purchasing activity in local markets, with many buyers carefully monitoring trends before making investment decisions in gold and silver.
Read more: Gold Prices Extend Gains in Pakistan – Check Latest rates
